Category: Uncategorized

Finance minister Alexandru Nazare, on a working visit to the United States, announced on Wednesday, October 15, that he met with Paolo Zampolli, president Donald Trump’s representative for Global Partnerships, and with United States treasurer Brandon Beach.  The Romanian official will also hold meetings with representatives of the International Monetary Fund (IMF) and the World…

Romania raised EUR 500 million through a 5-year private external placement with the help of Bank of America as an arranger, towards the end of September, according to Ministry of Finance data consulted by Ziarul Financiar. The interest was set at 6M Euribor plus 2pp, resulting in an interest of about 4%. This is the…

Romania’s industrial output volume index contracted by 3.3% y/y in August, after it boosted positive annual growth rates over the previous three months, according to data published by the statistics office INS. The negative annual growth rate came as a surprise, after the outlook for the country’s industry seemed to have improved over the past…

A fundraising campaign has been launched to support the creation of the Muzeul Fluierelor Lumii/Museum of World Whistles, a unique cultural project in Romania dedicated to preserving and celebrating one of humanity’s oldest musical instruments – the whistle. Titled “Give a leu for the Museum – don’t let the sound of the whistle fade,” the…

The Turceni City Hall signed on Tuesday, October 14, a financing contract with the European Investment Bank (EIB) for a project that aims to create a renewable energy hub, Economica.net reported. The project, worth a total of EUR 380 million, is the first initiative of this magnitude in Gorj County, according to a press release…

The Danish company Eurowind, which has been present on the Romanian market for 14 years, will develop large-scale wind, photovoltaic, and battery projects in Romania.  The target is 1,000 MW installed by 2030, and a third of the group’s investments are allocated to Romania, according to Economica.net. “The goal is to have 1 GW of…

Romania’s anticorruption prosecutors have indicted Cristian Popescu-Piedone, the former head of the National Authority for Consumer Protection (ANPC), for allegedly warning a hotel in Sinaia ahead of an official inspection. According to a statement released Wednesday, October 15, by the National Anticorruption Directorate (DNA), Popescu-Piedone has been charged under judicial supervision with allowing unauthorized access…

Three Bucharest synagogues can be visited afterhours this weekend, while many events are ongoing at Bucharest Photofest and the National Theater Festival. In Bucharest: National Theater Festival October 17 – October 26 Productions from all over Romania are presented at the event. More on the program here. Night of Open Synagogues October 18 Three Bucharest…

A report published on Wednesday, October 15, by the Council of Europe’s Committee for the Prevention of Torture (or CPT) urges Romanian authorities to address serious shortcomings in the treatment and conditions of detention of patients in forensic psychiatric hospitals. The deficiencies in the Romanian system were identified by the Committee representatives during a visit…

The state-owned Electrica (BVB: EL), one of the main players in Romania’s energy sector, completed the Satu Mare 2 photovoltaic park, a strategic project that marks an important step in diversifying the production portfolio. Located near the commune of Botiz, Satu Mare County, the park has an installed capacity of 27.056 MW and represents an…